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this is still a fight between how much spending cuts and how much taxes. the president got his -- >> well, simpson-bowles said let's get rid of the high tax rates. the president doesn't seem to be in favor of that mpt you had $1 trillion in tax increases with obama care. he just got new tax increases at the beginning of this month. and now they are calling for even more tax increases, and they are not calling to cut spending. they are calling for spending increases. so basically what they're saying is, they want americans to pay more so washington can spend more. that's not going to help the economy, and that is not going to close the gap and balance the budget. the reason we want to balance the budget is not to make the numbers add up. we think that's necessary for growth and opportunity. we think it's necessary to make sure that our kids don't get this debt that they won't be able to handle if we keep going down the path we are on. >> but there are certainly those in the white house who would take issue with what you said or might even say to use your own criticism that's a straw man ar
to raise tax rates. a lot of the democrats i talked to and even the white house said they are willing to do tax reform where there could be additional revenue. are you opposed to any additional revenue that could come from tax reform? >> we offered that back in the fiscal cliff negotiations. the president got his additional revenues. that's behind us. those higher revenues occurred, and now we need to focus on getting spending down. >> here is the leverage question. senator schumer said we didn't just get our revenues. we got some. there has to be more that are part of it. the president will say that. so as you are -- >> are we for more revenue? no, we are not. >> even if it's from tax reform? >> if you keep raising revenues, you're not going to get different tax reform. i know you didn't want a chart, but i'm kind of a chart guy. this dream line shows you the historic taxes. the red line is tax increases. the red line, where spending is going. spending is the problem. revenues aren't the problem. if you keep chasing higher spending with higher revenues as they're calling for, you're going
. instead, interest payments are a significant tax on all americans, a debt tax, that washington doesn't want to talk about. increasing america's debt weakens domestically and internationally. leadership means that the buck stops here. instead, washington is shifting the burden on bad choices today onto the backs of our children and grandchildren. america has a debt problem. and a failure of leadership. americans deserve better. all of those words were taken from then senator obama's statement before he voted against raising the debt ceiling in 2006. truer words cannot have been spoken today. the debt burden the president was concerned about a few years ago is still a very real threat today. congress should pass a responsible budget so we have a road map to get to our serious debt burden. no budget, no pay. >> i'm not sure i need this stool, but i'm a freshman. i'm new. i was sworn in just three weeks ago today and as a new member of the 113th congress, i know how they do things in washington, d.c.,. i know how they do things in missouri's 2nd congressional district. i'm a mother of th
said this is a great opportunity for them to pass a budget. talk about tax reform or various kinds of things. the debt ceiling, the sequestration, etc., that really have not been addressed appropriately for the nation. so i think that is a good way to look at it. it is an opportunity to follow the law and do our jobs. >> thank you very much. i agree with you. i think both sides of this capital will have an opportunity to accept this bill , vote for or against it, to debate it and the merits within. i think we have seen where several prominent democrats have really accepted the challenge to get that done. mr. levin, did you want -- >> just briefly. my guess is -- >> the gentleman is recognized. >> we'll debate this tomorrow. just a few things. i'm in favor of regular order. that doesn't mean there's any guarantee of the result and to use the debt ceiling as a lever i think is a very serious mistake. after the credit of this country was downgraded, a senior director of standard & poor's -- this was right after it -- said the following about american political institutions that they w
't raise taxes is really hard. to do it you have to embrace some really ugly policies, so to understand the trap, what they're about to tell the american people they're going to do you need to quickly understand what is in ryan's original budget. he didn't balance until 2038. so i made a graph for you. i want to be clear away they are. they're the numbers that paul ryan himself gave the congressional budget office. they are his own vision of his plan. they're what happens if everything goes exactly how he wants it to. and so what you're seeing here is the definition between paul ryan's most recent budget and the law as it is currently read. and it is two different things, ten years from now. this gives you a very clear idea up until now of what ryan has been cutting. first, people tend to think that ryan's budget is about medicare. but that is not where he gets savings, at least in the first ten years. it is only about half of gdp, or 10% of his cuts. then, he doesn't touch medicare at all. then there is this category of health care, which is mostly health care for poor people, medicaid
to be up against. >>> the transaction tax. americans pay it every day on everything we buy. but why doesn't wall street have to pony up? >>> and the latest on the quest for filibuster reform. will the senate actually change the rules and get something done? senator bernie sanders with us tonight. >>> good to have you with us tonight, folks. thanks for watching. if you wanted to know why congress has a record low approval rating, all you had to do was watch the circus on capitol hill today. outgoing secretary of state hillary clinton testified before senate and house committees today about the attack on the u.n. consulate in benghazi, libya. the committee members already have access to the full accountability review board report on the attack, as well as classified intelligence reports. secretary clinton has repeatedly taken responsibility for state department failures during the attack, but republican senators were still obsessed with one detail -- united nations ambassador susan rice and her description of the attack on september 16th. tea party senator ron johnson of wisconsin grilled s
the earned entitlements like payroll taxes for medicare and social security are putting you in a taker category. no one suggests that whatsoever. >> jon: when you were saying takers you don't mean sweet old grams you mean hobo joe. i got it. but here is the thing: back in 2011 congressman paul ryan was pretty specific about how he defined taker. according to the tax foundation between 60% and 70% of americans get more benefits from the federal government than they pay back in taxes. we're getting to a society where we have a net majority of takers versus makers. >> jon: you are defining taker as as 70% of society. that's (bleep) takers. imagine how high that percentage would be if he included social security and medicare recipients on the taker list. you don't have to imagine it because it wouldn't be higher because it includes it on the taker list, social security and medicare according to the tax foundation report sighted by a paul reya, sorry ryan. if you don't include social security and medicare on the takers list you can't get to romney's more generous 47% taker to maker ratio.
be making a bigger case about taxes, spending, shoot for the mountains and not get dragged down on what he says is clearly democrats and the president's turf. >> we have to focus, steve, i believe republicans -- i've said it time and time again -- on taxes. on cutting spending. on saving entitlements. on saving america from this crushing national debt. it grew $6 trillion under barack obama over the past term. and try to avoid some of these other issues. but i hear bobby jindal's new federalism on crack talking about cutting federal employees by three-quarters, et cetera, et cetera. that ain't going to happen. with the changing demographics and where america is and where it's going over the next 20 every 30 years. >> that's the issue. if you separate it, i think the first part not being the stupid party anymore is sort of a no-brainer. why would you go around insulting important interest groups. >> women. >> yeah, the 47%, all that stuff. but then you get to his policy proposals, and i don't think he's in the mainstream of this country when you talk about 25% of the government buildings, c
. >> and now tackled by taxes, and make $75,000, see if he gets to keep any of it. >> "fox & friends" begins right now. ♪ >> good morning, i hope you had a great weekend. >> clayton: yeah, ainsley earhart here, tucker carlson, ainsley fresh off the return to the gun range down there in texas. >> that was so fun. >> clayton: did you fire an a-47. >> no. >> were you nervous? >> i was down in katy, texas, offering free classes to teachers in the area. the class full of teachers and we interviewed why they were doing that and even though you're not allowed to take guns in flarms yet and hoping that does pass the state of texas. >> you looked great down there and we'll talk more about dianne feinstein's legislation, first to the headlines. >> straight to the headlines, an extreme weather alert. the midwest bracing for dangerous ice storms, sleet, snow and ice could leave behind a slippery mess in illinois and michigan as well as missouri. this as the country gets ready for a brief warm-up. rick is tracking it for us this morning. and it's a rollercoaster, hot and cold. >> it is and it's going
$4 billion more in tax revenue than expected. january16 turned out to be a record setting day with the franchise tax board receiving $2.2 billion in taxes. mostly from the 6% of filers who pay taxes quarterly. one observer suggests the spike may be from people taking profits ahead of increase in the federal tax rate. >>> governor brown is scheduled to give his third state of the state address tomorrow morning. no word from the staff on what the focus will be. political observers expect the governor to discuss a proposed tunnel to ship water. other topics include education reform, and high speed rail. you can watch the governor's address here on ktvu. it's set to start at 9:00 tomorrow morning. if you are away from your tv, we will be streaming it, on all of our mobile platforms. >>> apple's ceo talks about record revenues today, but warns about a challenging future. >> i just told you about the rainfall around the bay area today. coming up, i'm tracking how much more you can expect on your morning commute. >> but first, right after the break, making music history right here in
line is historic tax rates, how much we raise in taxes and the blue is how many increases president obama is calling for. the red is where spending is going. spending is the problem, revenues are not the problem. if you keep chasing them they will hurt economic growth, shut down the economy and won't get the budget balanced. >> what i heard the president say was programs like social security and medicare and med aid critically important for our future and we need to have a bipartisan commitment to make them work. bob and i have been in a lot of meetings talking about deficit reduction. we need reform in the programs that mean they will live on to serve future generations. that's the message i took from the president. >> referring to bob corker to the left of the screen. the president has a full plate. not just the budget but the issue of guns, and this week he heads to las vegas for a speech about overhauling immigration. so the second term is already kicking off with plenty on his plate. >> all right. peter alexander, white house correspondent, thank you so much. >>> we want to tur
finance minister started an initiative on this that this year g8 will look at tax evasion and tax fraud. i think it's enormously important issue, and i think the regulation on the shadow banking system, um, also needs to play a very important role for the russia meeting for the g20. we have quite a lot of regulation for our banks, basel iii comes to mind here. here, actually, we have to be vigilant that the lending capacity that is to boost, after all, economic growth doesn't get too contained, too limited, and i can only hope and join our partners in the united states to introdiscuss deuce this -- introduce this as well, otherwise a new imbalance here. through better regulation of banks, the capital that they need to the capital reserves that they need to have, we also see moral hazard in the sense that people increasingly seem to fly into the shadows of shadow banking. we were at one in saying when we agreed this at the g20 and the thought that every financial instrument, um, every financial be product, every financial market needs to be placed in regulation. we are very far from that. i
raise taxes. you have to, at some point, you have to get your fiscal house in order and that means cuts to some of these entitlement programs. >> no it does not. when you talk about getting your fiscal house in order, that's correct, but our republican friends forget to mention that at 15.8%, revenue compared to gdp, that is the lowest percentage in 60 years. when clinton gave us a balanced budget, revenue was about 20%. we have one out of four corporations, profitable corporations not paying a nickel in taxes in america. the effective corporate tax rate today is the lowest it's been since 1972. of course republicans want to cut social security, medicare, medicaid. but i think it is time for large corporations who are not paying a nickel in taxes to start paying their fair share. >> i want to ask you about your vote yesterday on filibuster reform. you voted no. you don't think it goes far enough. why? and is getting something done better than nothing? >> yeah, i think getting something done and making the senate a little more efficient is better than nothing. but at the end of the day,
three weeks. one was on sandy, the other was on raising taxes. in both cases obama had a bipartisan majority in the house. that is a governing majority. he's going to have it on immigration and also on the debt ceiling. not sure he's going to have it on guns, but he's going to drive the really hard-line republicans crazy because he's going to be able to break off 40 or 50 of them for all these other things. chris: that seems to be true as much as the opposition is hotter and perhaps hardening out there on the right. it does seem that the center right and the center are in play and obama is making his move toward them successfully. >> their governing philosophy coming in is that the fever would break among the tea party folks, among the hard right, and also that just folks in the house would sort of move to the boehner philosophy, which is a governing philosophy. the sort of -- chris: in other words, you don't need a majority of the republicans to rule. >> you break the rule, which is what he's done on these big-ticket items. they have been meeting over these last couple of days to f
-- there are promises in election campaigns that some taxes might be lightened a little bit. but on the whole, italy has no skill for a fiscal expansion. so at the moment, they're going to have to button down, keep spending heightened and keep things right. >> do you think italy is in a better position? >> in the short-term, spain has a more stable government. that's becoming unpopular, but at the moment, there's no threat to the majority of the popular party in spain. >> italy, we have an election coming up and anything could happen. we have a lot of strange things going on. there is a party which is looking like it will get around 15 cents a vote run by a former comedian. there's no clear political agenda, as well. there is a lot of political instability, but i think the long-term economic picture is in less trouble because it has much lower overall debt limits than spain combined. >> and how times have changed on that front. thanks very much for your time this morning. >> thank you. >>> growing market optimism fueled by a string of upbeat earnings has put equity markets on stronger footing. but u.s.
no intention of proposing a carbon tax. beyond that i haven't seen the legislation that you've talked about. thank you all very much. [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2013] >> senator john kerry has been nominated by president obama to be the next secretary of state. his confirmation hear something tomorrow. he'll be introduced by current secretary of state hillary clinton. that hearing tomorrow here on c-span beginning at 10:00 a.m. eastern. well, the house today passed a bill that would suspend the debt limit for the next four months through the middle of may. it passed by a vote of 285-144. coming up next, a part of the floor debate from the house today. mr. speaker, i yield myself such time as i may consume. the speaker pro tempore: the gentleman is recognized. mr. camp: thank you, mr. speaker. i rise today in strong support of h.r. 325, the no budget, no pay act of 2013. this legislation directs members of the house and senate to adopt a budget resolution by april 15, 2013. if either body does not -- the speaker
is an incremental process. the responsibility of congress is to appropriate, to tax and spend that money. that's become -- to say the job of congress is to tax as soon as i put it in that language, it's an id logical statement rather than a descriptive statement of the job of congress. >> we are seeing the same thing. the question becomes, i disagree with you a little bit. we are at 8.9% unemployment rate. i don't know if it's the job of the government to create jobs, i believe it's the job of the government to create an environment to create jobs. what does that mean? if we don't have our fiscal house in order, how is the government, excuse me, the private sector going to look at us from a responsibility? >> everyone saying stimulate now, cut back later. we did one stimulus bill, it wasn't large enough and we didn't follow it up. >> whose fault was that? >> we need to stimulate now. we are not doing any stimulus and talking about cutting back. it's what they say not to do. >> bobby jindal, who we give a hard time to on this show regularly, he said something similar to this on the rnc meeting
ago today, the 24th amendment was ratified. it eliminated the poll taxes in federal elections. that was a key victory for civil rights. poll taxes were an essential part of southern state's strategy to block voting. du
to take a profit before the higher capital gains taxes can kicked in at the beginning of the year. what's happening today is investors choosing to get out of the stock because competition is becoming more of a factor. there are these quality alternatives going strong these days. i'm talking about the tablet and the smartphone arena. it's getting crowded. what you're seeing is the average price is still around $700. a lot of people are still sweet on apple shares even though it plunged today, wolf. >> steve jobs died about a year and a half ago. what does all of this say about tim cook's tenure as the apple's ceo? >> it says you know what, you're going to get the blame, tim cook. you're the ceo so the buck stops with you. he saw the blowout of the iphone 4s and took the stocks to greater heights. it was around $375 when he took over. the price almost doubled in tim cook's first year in charge. it peaked in september when iphone 5 came out. since then, the shares have been tumbling. for one, wall street and analysts don't have much confidence that he can deliver like steve jobs did, that
now and when they take out taxes from my paycheck, i have almost nothing left. >> i think it would be incredibly important and helpful for me. -- me. then i don't have to look for two jobs. >> reporter: they have resulted in more than sunthousand fewer jobs from maryland teenagers between 2005 and 2011. but they call it an antipoverty plan to give maryland families more money. it has the support of a new campaign called raise maryland made up of 20 unions and others who say a lot of maryland families are having trouble making ends meet at 7 toss dive an hour. >> -- $7.25 an hour. >> slog it doesn't make anything else and go up as well. and then it's only, it's not hap helping people who it's supposed to help, it's skewing everything else. >> , is other states are considering wage hikes of their own this year. in 2011 it didn't pass then. >> thank you. >> we ask our facebook fans what they think of maryland trying to face the minimum wage. i think it's a great idea. i feel like the local economy would benefit the increase. shannon moscow wits said that everything else will go up and
. it will raise taxes on life saving medical devices. >> reporter: ryan, possible a presidential contender in 2016, said republicans should be prepared for the president to try to "de legitimize them," but urged them to be smart. >> we'll need to use every tool at our disposal. sometimes we'll have to reject the president's proposals. that time might come more than once. sometimes we'll have to make them better. the president will bait us. he will portray us as cruel and unyielding. >> reporter: the white house says the president wants both parties to come together and act for the good of the country. the press secretary said the president believes "we need to compromise, not be absolutist, but believe the need to act on behalf of the american people should compel us to make reasonable compromise while we stick to our principles, and that's the approach he's taken since he entered the white house and it's the approach he intends to take in the second term." congressman ryan says he doesn't think republicans are in the political wilderness now since they control the house of representatives and mos
are? this does include taxes, and it is a hotel. but it doesn't include your mortgage. you're paying $95 million. and then what do you pay -- >> during the commercial break i guessed 17 grand a month. >> i would like to raise that -- >> 17 grand a month? >> to 55 grand a month. >> very close. 60,000 a month in monthly maintenance fees. now that does include twice -- it includes maid service and a spa and some other things. so you're paying $95 million and then you're paying $60,000 a month in maintenance. but we bring you through all kind of apartments tonight. $160 million worth of real estate in new york. >> are these places back? i mean for awhile things crashed and nobody could afford these places. are they really back? because we still talk about how on wall street those pay packages are coming back. >> that's what everyone was saying a year ago, two years ago. two things happened. one is foreign money. i mean one of the great things about this show tonight is we bring you through with a russian buyer as he's in central park west. the russians, the chinese, the latins, especiall
a small fine of some kind and back taxes. is that likely to prove a disincentive to people who after all are not usually making a lot of money and may find that a burden that they just can't carry out because they don't have the wealth to pay it? >> not ultimately, and i think it's part of a compromise that works. it was in the kennedy/mccain bill that president bush was willing to support back in 2007. and i think victoria is absolutely right. we're going to probably get a bill here. it's going to be a pretty reasonable bill assuming boehner will cooperate. but then the next question is going to become for republicans are they going to try to disenfranchise the people that they've just allowed to become citizens? because they're not going to solve their problem with hispanics and minorities simply by doing immigration reform. they have to have a kind of transformational change in the way they look at a changing america which is becoming a majority nonwhite nation. >> indeed. well, senator chuck schumer is optimistic about the proposals, and let's hope that he's right. professor bob shru
Search Results 0 to 49 of about 58 (some duplicates have been removed)